In 2014, lawsuits by the Federal Deposit Insurance Corporation (FDIC) that named the directors and officers of failed financial institutions greatly exceeded the annual totals of the previous three years.

Now, after a motion filed by the U.S. Attorney for the Western District under the terms of a Deferred Prosecution Agreement with the bank as part of its recapitalization in 2011, the criminal charges were dropped and the Deferred Prosecution Agreement was terminated.

Yesterday, the U.S. attorney in Manhattan and the New York attorney general filed separate lawsuits against Bank of New York Mellon Corp., alleging the bank cheated customers on foreign exchange transactions over the past decade.